ZipRecruiter (ZIP) CEO reports multiple planned share sales at ~$5.11–$5.29
Rhea-AI Filing Summary
ZipRecruiter insider sale summary: Ian H. Siegel, CEO, director and co-trustee of the Siegel Family Trust, reported multiple sales of Class A common stock under a Rule 10b5-1 trading plan adopted September 9, 2024. The Form 4 shows sales of 22,762 shares on 09/18/2025 at a weighted-average price of $5.2938, 9,722 shares on 09/19/2025 at $5.2068, and 9,722 shares on 09/22/2025 at $5.1103. The filing discloses that the sold shares were held in the Siegel Family Trust, of which Mr. Siegel and Rochelle Siegel are co-trustees, and provides price ranges for the multiple transactions that composed each weighted average.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider sales were executed via a pre-established 10b5-1 plan; disclosed weighted-average prices and post-sale holdings are provided.
The Form 4 documents systematic disposition of Class A shares by the CEO under a Rule 10b5-1 plan adopted 09/09/2024, which reduces his reported beneficial holdings on the dates listed. The filing gives weighted-average prices and explicit price ranges for the multiple transactions that make up each reported sale, supporting transparency about execution. The sales reduce reported beneficial ownership levels shown after each trade, which investors may view as dilution of insider share concentration but are disclosed as planned transactions rather than ad hoc sales.
TL;DR: Transactions followed a documented 10b5-1 plan and include trustee disclosure; filing meets standard disclosure practices.
The reporting person checked the box indicating the trades were pursuant to a 10b5-1 plan and included the plan adoption date. The Form 4 also identifies the Siegel Family Trust and co-trustee relationship, clarifying indirect ownership. The disclosure of weighted-average prices and price ranges for the multiple transactions enhances compliance transparency. There is no indication in this filing of opportunistic or undisclosed trading outside the plan.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 9,722 | $5.1103 | $50K |
| Sale | Class A Common Stock | 9,722 | $5.2068 | $51K |
| Sale | Class A Common Stock | 22,762 | $5.2938 | $120K |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 9, 2024. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.195 to $5.355 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. Represents shares held by the Siegel Family Trust, of which the Reporting Person and Rochelle Siegel are co-trustees. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.055 to $5.345 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.965 to $5.215 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.